Model Risk Management Sr Analyst – Analytical Tool Validation

Ally and Your Career

Ally Financial only succeeds when its people do - and that’s more than some cliché people put on job postings. We live this stuff! We see our people as, well, people - with interests, families, friends, dreams, and causes that are all important to them. Our focus is on the health and safety of our teammates as well as work-life balance and diversity and inclusion. From generous benefits to a variety of employee resource groups, we strive to build paths that encourage employees to stretch themselves professionally. We want to help you grow, develop, and learn new things. You’re constantly evolving, so shouldn’t your opportunities be, too?

Work Schedule: Ally designates roles as (1) fully on-site, (2) hybrid, or (3) fully remote. Hybrid roles are generally expected to be in the office a certain number of days per week as indicated by your manager. Your hiring manager will discuss this role's specific work requirements with you during the hiring process. All work requirements are subject to change at any time based on leader discretion and/or business need.

The Opportunity

This role is on a hybrid schedule in our Charlotte office with a few days in office weekly and some remote days.

The Senior Analyst role will work in Ally’s enterprise Model Risk Management function under the direction of the Model Risk Director responsible for Analytical Tool Validation (e.g., Python, SQL, R, SAS, Excel, Power BI). These tools support critical functions such as external regulatory reporting, corporate forecasting, risk appetite, pricing, valuation, capital, liquidity, stress testing, and strategic decision making within Auto Finance, CFO Group, Insurance, and Commercial & Consumer Banking Products. Also, this role will support the Validation Director with the continuing buildout of the framework inclusive of knowledge shares with the Business Lines, issue and change validations, and ongoing performance monitoring reviews of tools that produce estimates. The Sr Analyst is responsible for delivering accurate, timely, and relevant validation/testing reports, issue identification/remediation efforts, providing feedback to the Business Lines to promote best practices and subject matter expertise to the internal Model Risk Management team.

The Work Itself

• Perform Ongoing Performance Monitoring (OPM) analysis as directed by Model Risk leadership.
• Perform issue validation and closure activities for issues sourced by the QAT Validation team, execute follow ups with the Business Line as issues approach their closure date.
• Partner with other IRM departments on validation activities and sourcing of issues
• Perform change materiality assessments to determine if further validation testing is necessary
• Utilization of industry experience to provide internal coaching and feedback to other validation analysts while encouraging a culture of continuous learning.
• Perform Validation/testing on analytical tools in the CFO, Auto Finance, and Commercial & Consumer Banking Products areas of the Bank. Validations will consist of control, data, & methodology/calculation testing, report writing, verbal & written communications, and potential issue identification & remediation.

Skills

The Skills You Bring

• 3 years in Model Risk Management, Model Risk consulting, Model audit or a similar analytical function / independent review and challenge function (e.g., SOX Financial Controls, Credit Risk, Market Risk, Capital Risk, Liquidity Risk, CCAR/DFAST, Scenario Analysis) Related business line function experience is highly desired.
• Proficiency in reading and interpreting multiple programming languages with emphasis on SQL, Python or SAS
• Advanced knowledge of Microsoft Office Excel (including VBA), Word, and PowerBI (including DAX & Power Query Editor) required
• Masters in a quantitative-based subject with a focus on relevant areas such as: Finance, Economics, Statistics, Analytics or an additional 3 years in a similar work experience.
• Experience with reviewing others’ written work and performing QA analysis.
• Experience and comfortability with working in a high performing environment while retaining flexibility with shifting strategies/priorities.
• Excellent and demonstrable ability to collaborate, communicate (verbal & written), and partner with Business Line partners to meet enterprise expectations and ensure that the Business Line understands requirements set forth in the Standard.
• Strong experience with reading, writing and reviewing technical documents. Preferred: analytical and/or model whitepapers, academic/industry whitepapers.
• Preferred experience in performing Ongoing Performance Monitoring analysis to evaluate tool reliability.
• Preferred experience in developing, testing, creating challenger tools/models, and effectively challenging unique tools
• Experience with control-based testing and/or evaluation

#hybrid

How We'll Have Your Back

Ally's compensation program offers market-competitive base pay and pay-for-performance incentives (bonuses) based on achieving personal and company goals. Our Total Rewards program includes industry-leading compensation and benefits plus additional incentives that are designed to meet your needs and those of your family so you can get the most out of your career and your life, including:

• Time Away: 11 paid holidays, 20 paid time off days, and 8 hours of volunteer time off, yearly (paid time off is prorated based on start date)
• Planning for the Future: plan for the near and long term with an industry-leading 401K retirement savings plan with matching and company contributions, student loan pay downs and 529 educational save up assistance programs, tuition reimbursement, employee stock purchase plan, and financial learning center and financial coach access.
• Supporting your Health & Well-being: flexible health and insurance options including medical, dental and vision, employee, spouse and child life insurance, short- and long-term disability, pre-tax Health Savings Account with employer contributions, Healthcare FSA, critical illness, accident & hospital indemnity insurance, and a total well-being program that helps you and your family stay on track physically, socially, emotionally, and financially.
• Building a Family: adoption, surrogacy and fertility assistance as well as paid parental and caregiver leave, Dependent Day Care FSA back-up child and adult/elder care days and childcare discounts.
• Work-Life Integration: other benefits including Mentally Fit Employee Assistance Program, subsidized and discounted Weight Watchers® program and other employee discount programs.
• Other compensations: depending on the role for which you are considered, you may be eligible for travel allowances, relocation assistance, a signing bonus and/or equity.
• To view more detailed information about Ally’s Total Rewards, please visit this link: https://www.ally.com/content/dam/pdf/corporate/ally-total-rewards-snapshot.pdf

Who We Are:

Ally Financial is a customer-centric, leading digital financial services company with passionate customer service and innovative financial solutions. We are relentlessly focused on "Doing it Right" and being a trusted financial-services provider to our consumer, commercial, and corporate customers. For more information, visit www.ally.com.

Ally is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to age, race, color, sex, religion, national origin, disability, sexual orientation, gender identity or expression, pregnancy status, marital status, military or veteran status, genetic disposition or any other reason protected by law.

We are committed to working with and providing reasonable accommodation to applicants with physical or mental disabilities. For accommodation requests, email us at work@ally.com. Ally will not discriminate against any qualified individual who is capable of performing the essential functions of the job with or without reasonable accommodation.

Base Pay Range: $85000 - $150000 USD

An individual's position in the range is determined by the specific role, the scope and responsibilities of the role, work experience, education, certification(s), training, and additional qualifications. We review internal pay, the competitive market, and business environment prior to extending an offer.

Incentive Compensation: This position is eligible to participate in our annual incentive plan.